Which of these are common characteristics of a tender offer?
I. The offer can be canceled if less than the desired number of shares are offered
II. Sellers are unaware that the buyer is the issuer of the security
III. The offers made by the sellers determine the price
IV. The offer price is greater than the market price
II and III only
I and IV only
I, II, and IV only
III and IV only
II, III, and IV only